# Markets News, Oct 16, 2026: Hot inflation lifts Fed rate-hike bets as US stocks fall and gold rebounds

> After a hot September CPI, CME FedWatch shows a 27% chance of a Fed hike at the October 27-28 meeting, up from 22%. The S&P 500 and Nasdaq Composite had…

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- **Updated:** 2026-10-16
- **Category:** news
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## Key data

- **Desk:** Markets
- **Date:** Fri, Oct 16, 2026
- **Stories:** 6
- **Outlets cited:** 5
- **Items screened:** 12
- **Freshness:** last 48h

After a hot September CPI, CME FedWatch shows a 27% chance of a Fed hike at the October 27-28 meeting, up from 22%. The S&P 500 and Nasdaq Composite had their biggest one-day drops since July. ## Hot CPI revives Fed hike bets and hits US equities US consumer prices accelerated in September as gasoline costs surged, and traders raised bets on tighter policy. CME's FedWatch Tool shows about a 27% chance of a hike later this month, compared with 22% before the data. The Fed funds rate stands at 3.75% to 4%. Overnight, the …

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## Sources

1. [CCTV Script 15/10/26](https://www.cnbc.com/2026/10/15/cctv-script-15/10/26.html)
2. [Gold rebounds from one-week low as dollar slips](https://www.cnbc.com/2026/10/15/gold-rebounds-from-one-week-low-as-dollar-slips.html)
3. [Gold price hits $4,154/oz after retail sales rise 0.8% in September](https://www.kitco.com/news/article/2026-10-15/gold-price-hits-4154oz-after-retail-sales-rise-08-september)
4. [The Goldman Sachs Group (NYSE:GS) Shares Up 1.5% - Here's What Happened](https://www.marketbeat.com/instant-alerts/price-the-goldman-sachs-group-nyse-gs-shares-up-15-heres-what-happened-2026-10-15/)
5. [Long-Term Shareholders of Bank of America Corporation (BAC)](https://www.globenewswire.com/news-release/2026/10/15/3382164/0/en/long-term-shareholders-of-bank-of-america-corporation-bac-are-encouraged-to-contact-johnson-fistel-regarding-potential-claims.html)
6. [Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 1.5% - Should You Sell?](https://www.marketbeat.com/instant-alerts/price-advanced-micro-devices-nasdaq-amd-stock-price-down-15-should-you-sell-2026-10-15/)
7. [Kaplan Fox Continues to Alert Investors of Alphabet Inc. (NASDAQ: GOOGL, GOOG) to a Class Action Deadline on December 1, 2026](https://www.theglobeandmail.com/investing/markets/stocks/GOOGL-Q/pressreleases/7972792/kaplan-fox-continues-to-alert-investors-of-alphabet-inc-nasdaq-googl-goog-to-a-class-action-deadline-on-december-1-2026/)

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- [Macro & Fed: Hot September CPI lifts Fed hike bets as Warsh prepares pre-blackout speech](https://agentflare.org/news/2026-10-16-macro.html)
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